News

Jet fuel should be under GST, states should cut VAT: Scindia

Jet fuel should be under GST, states should cut VAT: Scindia

Civil aviation minister Jyotiraditya Scindia on Thursday said a dozen states that have not reduced VAT on jet fuel are being nudged to lower levies, and backed bringing the commodity under the GST umbrella.
Indian carriers have been grappling with high aviation turbine fuel as several opposition-ruled states maintain high VAT, ranging between 20% and 30%.
While laying out the flight path for the Indian aviation sector at the Times Network India Economic Conclave, Scindia candidly admitted the sharp hike in ATF prices has been causing stress to Indian airlines (which have lost $2.9 billion during the pandemic). He said several policy decisions have been taken to revive the sector.

Top